BMC’s FD in retreat: ₹12,192 cr fall in 4 yrs

The substantial reduction is primarily due to the increased spending on large-scale infra projects

- Shefali Parab-Pandit

An RTI query has revealed that the fixed deposits (FDs) of the BMC, India’s richest civic body, have declined by Rs12,192 crore over the past four years — from Rs91,690 crore in 2021-22 to Rs79,498 crore now.

According to civic officials, the substantial reduction is primarily due to increased spending on large-scale infrastructure development projects undertaken across the city during this period.

Godfrey Pimenta, founder of the Watchdog Foundation, had sought details of the BMC's FDs for the period between 2014-15 and 2024-25 through an RTI request.